Keeping up with your own credit card transactions could be a tedious process. Fortunately, you don’t have to do the work yourself. Each month, your credit card issuer will send you a billing statement with all the information you need to know about your credit card account. Your credit card billing statement is important document is important and necessary for maintaining your credit card account, keeping it in good standing, and ensuring you’re paying only for charges you made to your account.
What is a credit card billing statement?
A billing statement is a periodic statement that lists all the purchases, payments and other debits and credits made to your credit card account within the billing cycle. Your credit card issuer sends your billing statement about once a month.
While your credit card statement may be a few pages long and packed with information, it’s important that you read each line. At the very least, review your balance, minimum payment, and the list of transactions made to your account.